XRP Price Prediction: XRP Plummets 19% As Traders Shift Focus To This Innovative Crypto Index Token For Diversified Meme Coin Investing

The
XRP
price
plummeted
19%
in
the
last
24
hours
to
trade
at
$2.21
as
of
11:18
p.m.
EST
on
trading
volume
that
surged
352%
to
$25.5
billion.

This
comes
as
reports
arose
that
Ripple
Labs
has
moved
700
million
XRP
tokens
into
escrow,
which
means
that
the
tokens
are
temporarily
locked
and
cannot
be
used
for
trading. 

The
move
is
a
strategic
shield
against
potential
declines
in
XRP’s
value,
as
the
overall
cryptocurrency
market
spirals
downward.

700M+

$XRP
locked.
500M+

$XRP
unlocked.

@Ripple
isn’t
playing
around.
This
feels
like
a
liquidity
test
before
something
big
drops.
Are
we
about
to
witness
history?
????

—
Hunter
(@TheTeaPartier)

February
2,
2025

XRP
Price
On
A
Sustained
Downtrend

The
XRP
price
analysis
on
the
4-hour
chart
shows
a
clear
bearish
breakdown
following
a
prolonged
period
of
consolidation
within
a
falling
wedge
pattern.

After
failing
to
break
above
the
upper
resistance
trendline
near
$3.10,
the
XRP
price
started
trending
lower,
eventually
breaking
below
both
the
50-period
Simple
Moving
Average
(SMA)
on
the
4-hour
chart
at
$2.9872
and
the
200-period
SMA
at
$2.7918,
according
to
GeckoTerminal
data.

The
price
of
XRP
has
now
collapsed
to
$2.2171,
marking
a
significant
loss
in
a
short
time,
with
a
large
volume
spike
confirming
strong
selling
pressure.

Moreover,
the
Relative
Strength
Index
(RSI)
is
at
11.12,
which
is
deeply
oversold
(<30).
Such
extreme
oversold
conditions
often
lead
to
a
short-term
bounce,
but
the
broader
bearish
momentum
may
limit
any
recovery
attempts.

The
Moving
Average
Convergence
Divergence
(MACD)
is
in
negative
territory
(-0.0758
for
the
MACD
line
and
-0.1694
for
the
signal
line),
showing
a
strong
bearish
crossover.
This
suggests
that
momentum
remains
in
favor
of
the
bears,
and
no
signs
of
a
reversal
are
present
yet.

Ripple
Token
Price
Prediction

With
the
XRP
price
breaking
below
key
support
levels,
further
downside
is
likely
unless
buyers
step
in
aggressively.
The
next
major
support
level
to
watch
is
around
$2.00,
and
if
this
breaks,
XRP
could
see
$1.80
or
even
lower
in
the
short
term.

Given
the
extremely
oversold
RSI,
a
relief
bounce
could
occur,
potentially
pushing
XRP
back
toward
the
$2.50-$2.60
resistance
zone.
For
a
true
trend
reversal,
the
Ripple
token
must
reclaim
the
$2.80-$3.00
range
and
sustain
above
it.

As
the
XRP
price
plummets,
investors
are
also
buying
a
new
meme
coin
called

Meme
Index
(MEMEX).
According
to
crypto
analyst
and
YouTuber
Jacob
Bury,
who
has
over
54.9k
subscribers,
MEMEX
has
the
potential
to
be
the
next
10x
crypto.

Meme
Index
Presale
Raises
Over
$3.29
Million

Finding
promising
opportunities
among
hundreds
of
weekly
launches
remains
a
significant
challenge
in
the
crypto
and
meme
coin
markets.

Meme
Index
addresses
this
through
its
decentralized
index
platform,
designed
to
categorize
and
group
meme
coins
based
on
how
risky
of
an
investment
they
are.
Since
its
December
2024
launch,
the
MEMEX
token
presale
has
already
raised
nearly
$3.3M.

????
Meme
Index
is
live
in
Upcoming
Tokens!
????@memecoin_index
presents
the
first-ever
diversified
meme
coin
platform,
powered
by

$MEMEX,
giving
unparalleled
access
to
the
$120
billion
meme
coin
market.

Meme
Index
offers
exclusive
access
to
indexes
that
cater
to
every
risk…

pic.twitter.com/GsiBBuZOzX

—
Best
Wallet
(@BestWalletHQ)

December
27,
2024

The
platform
offers
four
distinct
investment
baskets—Titan,
Moonshot,
MidCap,
and
Frenzy—catering
to
various
risk
appetites.

These
baskets
range
from
including
established
tokens
like
Dogecoin
(DOGE)
and
Shiba
Inu
(SHIB)
to
featuring
emerging,
high-potential,
and
high-risk
meme
coins.

By
holding
MEMEX
tokens,
investors
gain
access
to
these
curated
portfolios,
simplifying
the
process
of
investing
in
the
meme
coin
sector.

A
standout
feature
of
the
Meme
Index
is
its
staking
program,
which
is
currently
offering
an
annual
percentage
yield
of
approximately
692%.

You
can
purchase
MEMEX
tokens
on
the
official
website
for
just
$0.0158443
to
participate
in
the
presale. 

Buy
MEMEX
here
to
lock
in
the
best
deal
before
its
price
increases
in
44
hours.

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